know if one's condition, ahmed, unto france, president put up in his events. you says he's replacing the defense minister. c arisen, he called without giving reasons for re shuffled this proposal was sent on or off a position for the decision from kind of crime b m. s. the new defense chris pulled over the business. next i've got it opened the guy who usually sits a lot say what crazy. the interest, the global economy portfolio dw business

be here's a closer look out the project. to analyze the flight for market dominance. with dw business beyond the they've come to leave their mark, chinese makers of electric vehicles, flock to the mobility show and unix with high confidence and even higher production volume will hear from our correspondent what their chances are on the your teamwork and german exports fell again last month i was the battles in industrial, slow down. we'll get an expert view on how much or how little trade can help your biggest economy get out of this. i'm cobra bucks invisible,

around the munich and mobility fair, formerly known as the international auto show opened at stores on monday, despite the gathering being held in bavaria. it has a distinctive chinese field twist as a number of chinese electric vehicle. manufacturers are in munich trying to convert, being years ahead and development into a sizable slice of european market share. it's the european premier of b y d the electrical vehicle company who's letter stand for build your dreams. it's seal you model is on display like tesla, the chinese manufacturer is setting the tone b y d is the world largest manufacturer of electric cars and their chances of continued success are good proponents say cars from china are cheaper and technically superior to comparable electric cars from germany or france. so executives arrive in unit with high expectations and confidence. so we know lots of markets still belongs to the traditional gas them in cars markets. so we try to

find more and more friends in this kind of new and jeep vehicles, fields and to work with them to promote the new energy technologies and or so for dogs globally, europe's car manufacturers are also going electric, but their transition from combustion engines to batteries will take decades, hundreds of factories have to be converted. thousands of workers will need retraining, and countless new models will need to be developed and the billions of euro is needed to make the switch are still being earned from gasoline and diesel cars. i think the, the combinations increasing clearly with the arrival of a lot of new brands, would we, equally, are a challenge of brand without a electric cars with the cube good time is going to be spread the way also comes from china. so i think we're in good shape to face the compensation. meanwhile, german manufacturers are seeking to get

a leg up through collaborations. chinese providers are going all in on electric, while europeans are bidding on various power sources. but in the end it's the buyers will decide which car manufacturers have a future and which don't or for more or less bringing dw correspondent christy plots and across the chinese car makers trying to make quite a splash there in munich. what exactly is their plan? right, well what they're here to do, christmas, to capitalize on the expertise they've honed in their own home market over the last 20 years. now china is undoubtedly the farthest along when it comes to developing. it's in the market. well, one and every 3 cars produce there is electric. they also have a much more developed charging grid there than in europe and in the united states. so uh, in some ways here in europe, legacy, carmen acres, um like mercedes, uh, who stand them. we're setting out right now, they were in some ways just getting their feet wet compared to china when it comes

to producing ease and china, chinese makers are hoping to cut in on some of that market. so the experience that these manufacturers have made so far on the domestic market in china, that's the reason why they are so confident that they can leave their mark in europe and grab a sort of a slice of market share. right, well, as i said, i are the market, the in china is much farther along and it's really interesting when you take a look at these players in china versus the players here in europe, for example. i mean here uh that we're the market is dominated by legacy carmakers like volkswagen, mercedes bmw. uh whereas the chinese market has been filled by of lots of small companies that are maybe only 20 years old. sometimes a lot of the times they got their started digital companies or as battery companies . so coming from a more of a start up approach to tackling the problem. so they're hoping to bring this

mentality here to quite an old market to shake things up. now what a german or european car make us for that matter have in store to compete with the chinese right, well, i mean uh these brands like mercedes bmw, volkswagen, they of course have the brand history of the brand identity. they have a customer base that is used to buying those cars and what we are hearing at the trade fair and the other part of munich this morning. uh from uh, volkswagen for example is a lot of we've got this uh we're handling this transition to electric vehicles. you can trust us as you've always trusted us. so that's definitely the nice what we're hearing from these legacy carmakers that they're hoping that their brand recognition and their history will be able to see them through this mass of transition. nevertheless, you mentioned these legacy carmakers. do they feel threatened by it? what's coming from china and this big market for electric vehicles there?

well, what i can tell you, chris is i have never heard so many german people speaking chinese as i have today . we heard it in the volkswagen speech. i heard it also just on the floor, maybe just little bits of mandarin. uh that uh, german uh, business people were throwing around. i also spoke with uh the ceo of cobra. volkswagen brand. uh he also saying he's speaking mandarin and but actually uh someone cobra. his cars are being produced in china. so what we are seeing here is some attempted synergy between a chinese and european markets, maybe learning from each other, but also maybe keeping in a way of keeping your friends cost for your enemies closer. that was our correspondent christie's plats and speaking to us there from d. i a munich mobility shop, i guess, the backdrop of growing pressure on the car industry. german exports fell slightly in july, drive down by sluggish international demand,

adding to gloom above europe's biggest economy. with some analysts fear is on the brink of recession, exports, we're down 0.9 percent. that's less than an offset expected, but still shows that german industry is struggling to offset the impact of higher energy prices since the war. and you crank sluggish economy in germany's top trading partner. china has also had an impact, although ex, 40 slightly in july after the slumped into florida spring. you mentioned stem or he's an expert on a national trade policy at the kill institute for the world economy. welcome to dw events, and let's take a quick look back here at our main topic of the car industry. how much is machinery like chinese electric vehicles for that matter? a threat, the german manufacturers that have made a lot of money selling their products around the world the best? yes, we do, observed that the chinese production has been becoming

a competition for german manufacturers of automobiles as well as machinery. we observed, for example, that the importance of sector of machines, ass, last competitiveness to china. and this exporting less to china. and then we would expect based on the growth of the 2 economies, experts overall uh, are down, month to month, uh, the trade with the united states and china, which are 2 of germany's most important training partners that trade is up. what do you make of that? still, 1st of all, the data point that you mentioned is a monthly data. so monthly trade data tends to be somewhat volatile, but there is a growing trends within this data point as well. so german growth of the drum and export growth has been struggling this entire year. the united states as an import markets for as a, as a market for exports. it has been somewhat stable. now,

what do we do? observe quite interestingly, is that china as a market for exports has been declining in importance as so if you look at the data from 2020 a, china has been importing approximately 8 percent of all german exports. now this value is down to from age to approximately is a 6.2 percent of the 1st half. so the importance of china as a market for german exports has been declining. mentioned to hi financing costs by the inflation slowing growth, and what economists call eroding competitiveness in germany. how much will international trade be able to contribute to their miss already sputtering economic engine as well. to be honest, this year we do expect that export close is going to be a very small, it's not negative. a bunch of them, the years to come on growth will still come from exports due to the might that

economy is around the world are growing somewhat faster than germany. takes china for example. yes, the chinese economy struggling and there is competition. but the time is economy, economies in southeast asia are growing fast, and this will contribute to a german export quotes in the years to come. there will be some negative news in the next month, next quarters perhaps. but in the long term, there will again be some introduce for 4 or 4 german export class events of briefly if you could, if look at the immediate situation, what could be a signal for a turnaround? a stop of rate increases in the united states, for example. yes, absolutely. so interest rates play major role because, but germs tend to exports our machines, which are capital goods, they have to be invested so high interest rates tend to 1st of these term and exports. export machines, for example. so turnaround and the interest rates as this has what's would help

german exports. and some of them are of the kill institute for the world, the economy events and as always, thank you. you're welcome. i. and finally, here's a look at some of the other global business stories making news. the international labor organization says more and more kids are being pulled out of school and put to work to help support their families. and that increasing economic hardship. data shows that some 160000000 children are being subjected to child labor. some of the worst forms of work involved. 6 year old exploitation canyon president william rudo has kicked off africa as far as climate scientists. he's urging thousands of delegates at the end in a row be to see the climate prices as a unique opportunity for the continent to attract the billions of dollars. an investment tree has positioned himself at the forefront of africa and efforts to combat climate change. china as president using pay will skip the summit of top economy is the g $20.00 in delhi. this weekend. the was the 2nd largest economy. it

will be represented by its premier, the chart step. the move comes as the host country. india sees rapid economic expansion while naval china faces they slow down and they see areas of economy, headaches, including a wobbly property sec. this is a reminder of the top business story we are following for you at this hour. germany's i a international motorcycle re branded as a mobility show, kicked off in music today. the i are able to see a strong effort by chinese automakers to make a splash in europe fledgling electronics vehicles and that is our show for now. of course colburn roland, thanks for watching. a very successful the

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